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CX: Outlook looks poor for February

HONG KONG, 27 January 2021: Cathay Pacific released on Monday its traffic figures for December 2020 that continued to reflect the airline’s substantial capacity reductions in response to reduced demand and an increase in travel restrictions. The airline carried 39,989 passengers last month, a decrease of 98.7% compared to December 2019. The month’s revenue passenger kilometres (RPKs) fell 98.1% year-on-year. Passenger load factor dropped by 66.6 percentage points to 18.4%, while capacity, measured in available seat kilometres (ASKs), decreased by 91.2%. During 2020, passengers carried by Cathay Pacific and Cathay Dragon dropped by 86.9% against a 78.8% decrease in capacity and an 85.1% decrease in RPKs, as compared to 2019. Uncertainties in February

Quarantine moves prompt Cathay to flag higher cash burn and capacity cuts

Cathay Pacific Group expects monthly cash burn to increase by around HK$300-400 million ($38.7-51.6 million), following the Hong Kong government’s decision to impose mandatory quarantine measures on all flight crew entering the city for more than two hours.

Greater Bay applies for Cathay Dragon routes

Greater Bay Airlines applies to serve more than 100 routes from Hong Kong

Greater Bay Airlines has applied to serve more than 100 cities across the Asia-Pacific region as the Hong Kong-based startup moves closer to launching commercial operations. In a filing to Hong Kong’s Air Transport Licensing Authority, the fledgling carrier has requested the rights to operate 104 scheduled routes from Hong Kong International (HKG) using Boeing 737-800 aircraft. Of these, 48 routes are to destinations in mainland China including major cities such as Beijing, Chengdu, Hangzhou and Shanghai. A further 13 are to Japan and six are to Thailand, with Tokyo, Osaka and Bangkok among the intended routes listed. The airline also wants to serve multiple cities in Cambodia, Indonesia, Malaysia, the Philippines, South Korea, Taiwan and Vietnam. Other countries such as Bangladesh, Brunei, India, Nepal and Singapore would receive one route each if the application is successful. 

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